Nigerian Senate Closes Activities For 2017

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The Nigerian Senate on Thursday announced the closure of its activities for 2017 so as to allow its members to enjoy the Christmas and New Year celebrations.

Nigeria Declares December 25, 26, And January 1 Public Holidays

The motion to adjourn for 2017 was moved by the Senate Leader, Ahmed Lawan.

“Mr. President, I move that this plenary be adjourned till Tuesday, 9th January, 2018”, he said.

However, the Senate President, Bukola Saraki, made it clear that though committee works resume on January 9, plenary will only resume on January 16.

His words: “Let me clarify. What leader is saying that we are adjourning till 9th of January to come back for committee work but plenary is suspended till 16th. We will come and resume on the 9th of January so we can finish this budget”.

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Football Papers: All The Latest Football News And Transfer Gossips This Evening

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LONDON EVENING STANDARD
Chelsea have offered Newcastle United first refusal with regards to signing Kenedy on loan next month – a move would only go forward if the Blues sign someone else beforehand.
West Ham striker Diafra Sakho is set to leave West Ham in January, having failed to start a Premier League game this season.

MANCHESTER EVENING NEWS
Manchester City are close to signing South American youngster Jesus Medina for £3m from Paraguayan club Club Libertad, according to reports.
Claudio Bravo insists he is happy at Manchester City, despite being the backup goalkeeper to Ederson, adding that his family are settled in the city.

LIVERPOOL ECHO
Jurgen Klopp refused to answer questions on Philippe Coutinho’s future when the Liverpool boss was asked about the links with Barcelona during Friday’s press conference.
Liverpool will look to loan out Ben Woodburn this January, but only to a club who can offer him regular first-team opportunities.
Everton midfielder Kevin Mirallas is a target for Greek side Olympiakos, according to reports.

NEWCASTLE CHRONICLE
Newcastle manager Rafael Benitez “belongs to top clubs”, according to David Ginola, who warned the club risk losing the Spaniard.

SUNDERLAND ECHO
News of Ben Woodburn’s potential availability from Liverpool on loan next month has put Sunderland on alert.

BIRMINGHAM MAIL
Birmingham will reportedly lose out to Celtic in their pursuit of St Mirren winger Lewis Morgan.
West Brom will look to bring in Ben Gibson if Jonny Evans leaves in January, though Middlesbrough are reluctant to let the defender move away from Teesside.

THE SENTINEL
Stoke City boss Mark Hughes insists he is still planning for the January transfer window despite his uncertain future at the struggling club.

THE DAILY ECHO
Mario Lemina admits he had to build his confidence up “from nothing” after an ankle injury halted his early progress at Southampton.

HULL DAILY MAIL
Sebastian Larsson says victory for Hull City over Leeds this weekend can be a catalyst for change at the club.

LANCASHIRE TELEGRAPH
Burnley are ‘some way’ clear of their pre-season targets, according to midfielder Jack Cork.

SOUTH WALES EVENING POST
Former Wales international Ian Walsh says Swansea’s owners should shoulder the blame for the club’s demise after Paul Clement was sacked on Wednesday.

NOTTINGHAM POST
Nottingham Forest’s Joe Worrall has urged fans to keep the faith as the club look to avoid a fifth-straight away defeat when travelling to Preston this weekend.

BLACKPOOL GAZETTE
Gary Bowyer has told his Blackpool players not to “sulk” with the club without a league win in five games.

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Official: Anthony Ujah Returns To Mainz 05

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Mainz 05 has announced the return of Nigeria international, Anthony Ujah for an undisclosed fee from Liaoning FC.

The 27-year-old played for Mainz in the 2011-12 season, before switching to FC Koln, where he scored 36 goals in 102 appearances.

Ujah then joined Werder Bremen after three years with Koln, and scored 14 times in 37 matches, before moving to China in 2016.

Swayed by his return to the Opel Arena, sports director, Rouven Schröder said: “Anthony Ujah is an athletic, determined and strong attacker who has proved his qualities at the Bundesliga level and adds real value to our squad, and he is a great character and will not be due to his Mainz past.

“We need to make sure that he has decided on a future at Mainz 05.”

The striker, excited with the switch, said: “I am very happy that I return to Mainz because I have only good memories of my time there, I am looking forward to the Bundesliga as well and I want to help the team from the second half of the season to reach.”

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Leon Britton Not Interested In Becoming Permanent Manager At Swansea

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Leon Britton, who has just taken on the role of Swansea’s interim manager since Paul Clement was sacked has said he won’t become the Swans’ permanent manager now, though he hasn’t ruled it out for the future.

“Leon Britton was speaking at the first press conference since Clement parted ways with the club and spoke about his predecessor’s departure.

It’s disappointing that Paul has left the football club, he’s been here just over a year and I think we need to thank him for his efforts.

Last season he came at a difficult period and managed to keep us up, obviously this season hasn’t really worked out as he’d wanted.

We all know football is a results-driven business and if you don’t get the results then the manager is the one that leaves so we thank him for all his efforts and wish him the best for the future.”

The new caretaker manager said he thought inconsistency in performance was the reason why things hadn’t gone so well for the club.

” As players we’ve all got to take responsibility, it’s not just the new players who come in in the summer, it’s the players who have been here for one season, two seasons, four seasons, that we haven’t been performing as well as we should.

I don’t think we can just say it’s down to the lads we signed in the summer, it’s a joint effort, when we’re doing well it’s everyone and when we’re not performing well it’s down to everyone.”

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Cahill: Arsenal Have Zero Edge Over Chelsea

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Chelsea captain, Gary Cahill insists Arsenal have no psychological edge over the Blues ahead of their semifinal Carabao Cup clash next year.

Chelsea beat Bournemouth 2-1, to set up the clash against Arsenal, who beat West Ham. The blues have only won one out of their last five matches against Arsenal, losing the FA Cup final to Wenger’s men last season.

Cahill believes any talk of the Gunners holding a mental advantage is wide of the mark.

“We have played Arsenal many times and we know what to expect. The first leg is at home and that will be massively important. These are two big teams going at it.

“We know it will be a tough test. You expect to see big teams in the semi-finals of cup competitions, even though clubs change their sides up.

“You still expect the big teams to have enough to get through and that’s what’s happened with our semi-final.”

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Daily Roundup: Latest Football News Content Across Europe

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Spain

Long-term Barcelona target Philippe Coutinho could move to the Nou Camp in January. The player’s agent visited the Liga leaders to discuss a potential winter move and are confident a deal can be struck with Liverpool. A fee of €150m is being mooted and the only thing to be finalised is how it will be paid. (Sport)

Cristiano Ronaldo wants his wage increased after seeing Lionel Messi sign a mega-deal with Barcelona and Neymar handed a huge contract to move to Paris Saint-Germain. The five-time Ballon d’Or winner believes he deserves a wage hike and would also like to see his release clause dropped so to leverage the club if he ever needs to. (Marca)

Italy

Liverpool target Sime Vrsaljko won’t be moving to Merseyside next month. The 25-year-old Croatian full-back will be staying with Atletico Madrid with the Liga club unable to replace what he offers the squad during the January window. (Corriere dello Sport)

Inter Milan have been dealt a blow in their pursuit of Bologna forward Simone Verdi as the club’s sporting director claims the 25-year-old does not want to leave. Verdi, also rumoured to be a West Ham transfer target, is having an impressive season and is averaging a goal every three matches in Serie A. (Sky Italia)

Inter Milan and Valencia could be about to do business yet again. During the summer the two clubs traded three players with Jeison Murillo and Geoffrey Kondogbia moving to Spain and Joao Cancelo making the switch to Serie A. The two clubs are now in negotiations over the futures of Joao Mario, with Valencia wanting to sign the midfielder, while Inter Milan are interested in highly-rated youngster Carlos Soler. (Calciomercato)

Leonardo Bonucci could leave AC Milan just six months after his controversial move from Juventus. The centre-back isn’t happy about what’s going on at the San Siro and knows that Manchester City are interested in his services. (Gazzetta dello Sport)

Germany

Bayern Munich have made their first winter signing after confirming that Hoffenheim forward Sandro Wagner would be arriving at the Allianz Arena. The 30-year-old striker arrives as a backup to Robert Lewandowski and is the third Hoffenheim player to make the switch to the champions inside six months, following Sebastian Rudy and Niklas Sule who joined the Bavarian champions in the summer. (SportBild)

Anthony Ujah has returned to the Bundesliga, re-signing for the first German club he played for – Mainz. They beat off competition from across Europe to bring the 27-year-old back from China and will be hopeful he can rediscover the form that convinced Liaoning Whowin to part with £13million to secure his services. (Kicker)

France

Arsenal winger Alexis Sanchez, a Manchester City target, is nearing a move to Paris Saint-Germain after his agent flew to the French capital for talks. (Canal Plus)

Valencia have agreed a £31million fee for Paris St-Germain winger Goncalo Guedes. The 21-year-old has been on loan at the Spanish club and has interested both Arsenal and Manchester United over recent weeks. (L’Equipe)

Barcelona have sent scouts to watch Lyon’s Houssem Aouar over recent weeks as they plot a summer move for the talented playmaker. (L’Equipe)

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Las Palmas Appoint Paco Jemez As New Manager

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Las Palmas have appointed Paco Jemez as coach until the end of the season as they battle relegation from La Liga.

The former Spain international returns to his hometown club for a second time after a brief spell in charge in the second tier in 2010 and 2011, replacing Pako Ayestaran who was sacked at the end of November.

“UD Las Palmas has reached an agreement until the end of this season with coach Paco Jemez,” read a statement on the club’s official website.

“He arrives free after concluding his journey in Mexican soccer with Cruz Azul. He will be officially presented on Wednesday December 27.

“Paco Jemez is accompanied by his backroom staff of Juan Luna Eslava, Julio Luis Munoz Saldana and Jorge Ramirez Fernandez.”

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Southampton Coach Eric Black Resigns Due To Personal Reasons

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Southampton senior first team coach Eric Black has resigned from his position due to personal reasons, with the club website citing: “Eric has been suffering the effects of previous back injuries sustained during his playing career”.

The club’s vice chairman, Les Reed, said: “Eric Black is a fine coach and a true professional who is popular with the players and staff and always gave 100 per cent to his job. Fortunately, his situation is not serious and we hope he will be back in a tracksuit at some point in the future.

“Everyone at Southampton wishes him a speedy recovery. I would also personally like to thank him for his diligent work during his time with the club.”

Black, a former Scottish international footballer, had to end his playing days early due to a chronic back problem before moving into management and coaching.

He has had spells at Motherwell, Coventry, Birmingham, Sunderland, Blackburn, Rotherham and Aston Villa, as well as with Saints and recently helped out the Scotland national team.

Saints issued a statement on Black which read: “Southampton Football Club can today confirm that Eric Black has resigned from his position as Senior First Team Coach for personal reasons.

“Eric has been suffering the effects of previous back injuries sustained during his playing career, and has decided to address these issues now. Given this could mean a spell out of action, Eric feels the time is right to take a break from the game.

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Birmingham Confirmed As Host Of 2022 Commonwealth Games

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Birmingham has been announced as the host city for the 2022 Commonwealth Games.

Birmingham’s bid was the only one submitted to the Commonwealth Games Federation (CGF) before the September 30 deadline, making it the default choice to host the games in four years’ time.

Liverpool had previously been in the running for Britain’s candidate city, but the Birmingham bid was backed ahead of Liverpool’s by the UK government.

However, further complications arose when the CGF ruled that Birmingham’s bid was “not fully compliant”, leading the federation to offer previously interested cities such as Victoria and Kuala Lumpur a further two months to re-submit a bid.

No more bids materialised, though, and Birmingham have now been confirmed as the hosts for the £750m Games, which is expected to be the most expensive sports event in Britain since the London Olympics.

The Games had initially been awarded to Durban in South Africa two years ago, but they were stripped of the event after failing to meet the CGF’s criteria.

Birmingham will be the second British city to host the Games in the space of eight years following the Glasgow event in 2014.

The 2018 Games will be held in April on the Gold Coast of Australia.

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James Tarkowski To Serve Three-match Ban For Violent Conduct

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Burnley defender James Tarkowski has been hit with a three-match ban for violent conduct.

James Tarkowski was charged by the Football Association on Monday following an off-the-ball incident with Brighton & Hove Albion’s Glenn Murray.

In the second half of Saturday’s goalless draw at the Amex Stadium, Tarkowski appeared to elbow his opponent in the ribs while the pair were in the penalty area.

After admitting to the charge, the defender argued against the length of ban, but his efforts came to nothing as an independent regulatory commission agreed that a three-match suspension was fair.

Tarkowski, who has started all 18 of Burnley’s Premier League games, will miss matches against Tottenham Hotspur, Manchester United and Huddersfield Town.

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Ryan Giggs Rules Himself Out Of Managing Swansea City

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Ryan Giggs has said he is not interested in the vacant managerial role at Swansea City, when speaking to Geoff Shreeves in a Class of ’92 special.

Ryan Giggs has been linked with the role along with Ronald Koeman, Tony Pulis and Louis van Gaal, after the Premier League’s bottom club sacked Paul Clement.

With the Swans looking for a third boss in less than 12 months, Giggs was asked if he was interested in managing a club he was linked with before Bob Bradley was appointed in October 2016.

After Shreeves asked if Giggs would consider applying for the role, he replied: “No. I’ve spoke to them before the last time [when Bob Bradley was hired].”

Asked why it has gone wrong at Swansea: “I don’ know. I’m not within the club. They play the right way and are an established Premier League team, but it’s tough now. They’ve lost good players, like Gylfi Sigurdsson and Fernandro Llorete, and haven’t replaced them.”

‘I don’t know, I’m not in the club but obviously over the years (it has been) a really well run club, (who) play the right way and are an established Premier League team.

‘But it’s tough now, you see the teams down there. It gets tougher each year. They lost good players, didn’t they? They lost Sigurdsson, they lost Llorente, and probably never replaced them. That’s always a problem.’

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DStv: Here’s The Unbeatable Festive Season Offer

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The Festive Season is here… Everyone is merry, cheerful and generous with gifts. And talking about gifts, there’s no better gift to give to yourself this season than DStv.

With DStv you are guaranteed to have a fantastic holiday season with a wide range of entertainment to bring the family together and make your home the place to be.

Existing subscribers can simply stay connected for an unmissable holiday line up and over 95 world class channels on DStv Compact.

If world class entertainment is what you choose, then get the unbelievable offer of the HD Decoder, Dish plus 1 Month Compact subscription for only N9,900.

Make your holiday a truly relaxing one with the best of Premier League action Live and in HD, the best of kids shows, drama, blockbusters, event channels, Big Brother Naija in January and a whole lot more.

Make your home the place to be this Holiday season with DStv, Live the Compact life

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NIMC Approves Regulations For Mandatory Use Of National Identification Number, Others

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The National Identity Management Commission (NIMC) has approved five regulations to support the mandatory use of the National Identification Number (NIN) and other identification platforms.

Nigerians Without NIN Will Be Regarded As Non-Citizens – NIMC

The approval came on the back of an endorsement by the Attorney General of the Federation (AGF) and the Minister of Justice in November 2017.

The gazetted regulations are: “Mandatory Use of the National Identification Number (NIN) Regulations, 2017, the Nigeria Biometrics Standard Regulations, 2017, Registration of Persons and Contents of the National Identity Database Regulations, 2017.”

“Others are Access to Register Information in the National Identity Database Regulations, 2017 and Licensing of the Frontend Services of the National Identity Management Commission Regulations, 2017.”

According to a statement issued by the General Manager, Legal, Regulatory and Compliance Services (LR&CS), Mrs. Hadiza Dagabana, the regulations were aimed at realising the NIMC mandate in the upcoming years.

She said: “With the increase and expansion of the commission’s activities, the new policy is seeking to develop the identity eco-system in the country, as well as meeting its mandate of harmonising all identity-related databases.”

“It is necessary to promulgate regulations which consist of the set of principles, practices, policies, processes and procedures to be utilised in achieving the desired objectives.”

The Commission had in November 2016 announced the commencement process to document and publish these regulations, pursuant to Sections 27 and 31 of the NIMC Act, 2007 which provides for the Commission to make supplementary regulations to cover the various services and offerings of the Commission.

Draft copies of the regulations were widely circulated to various government, private and security agencies as well as the general public, inviting comments, inputs and opinions, after which the comments were reviewed by the Committee charged with the development of the strategy for the implementation of the NIMC regulations.

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Traffic Offenders To Pay N100,000 Fine For Single Offence – FRSC

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The Federal Road Safety Corps (FRSC) has stated that plans are underway to compel traffic offenders to pay one hundred thousand naira as penalty for a traffic offence.

Dr Boboye Oyeyemi, Corps Marshal of the FRSC, said this in an interview with the News Agency of Nigeria (NAN) on the sideline of the Technical Working Group (TWG) on Nigeria Road Safety Strategy on Wednesday in Abuja.

His words: “You cannot arrest somebody for using a phone while driving and he pays four thousand naira as penalty. And almost immediately he goes back to commit same offence.

“Fines are supposed to serve as deterrent, which is why I said that I am in support of what the National Assembly is doing presently amending the Act of the FRSC to make the fines go up.

“I was not the one that initiated it, it is the National Assembly that initiated it and I am in support and I will make sure that before the middle of next year this is passed into law.

“I believe that by the time traffic offenders’ start paying between fifty to one hundred thousand naira for a single traffic offence, they will not want to commit such offence again.”

The FRSC boss reiterated that penalties for traffic offences were to serve as deterrent, adding that the present regime of fines and penalties do not serve as deterrent, hence the need to increase the fines.

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Bayern Munich Complete Signing Of Wagner

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Bayern Munich have officially confirmed the signing of Sandro Wagner from Hoffenheim on a two-and-a-half year deal.

Bayern confirmed the deal was close to completion on Wednesday, with Wagner joining the Allianz Arena come January 1.

Bayern Munich will reportedly pay a fee of €13 million for the forward, who will stay at the club till 2020.

“With Sandro Wagner we add another Germany international to Bayern,” said sporting director Hasan Salihamidzic.

“We are confident that Sandro Wagner will further enhance the quality of our team through his class and experience.”

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Bayern Munich Complete Signing Of Wagner

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Bayern Munich have officially confirmed the signing of Sandro Wagner from Hoffenheim on a two-and-a-half year deal.

Bayern confirmed the deal was close to completion on Wednesday, with Wagner joining the Allianz Arena come January 1.

Bayern Munich will reportedly pay a fee of €13 million for the forward, who will stay at the club till 2020.

“With Sandro Wagner we add another Germany international to Bayern,” said sporting director Hasan Salihamidzic.

“We are confident that Sandro Wagner will further enhance the quality of our team through his class and experience.”

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Torres: Messi Is Better Than Ronaldo

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Atletico Madrid’s Fernando Torres believes that Lionel Messi is the best player in the world and would have achieved more, if not for Real Madrid’s Cristiano Ronaldo.

The Portuguese star claimed his fifth Golden Ball this month, moving level with rival, Lionel Messi, as they continue their battle for individual and club supremacy.

Barcelona will travel to Santiago Bernabeu on Saturday, giving the pair a chance to go at each other again.

Torres praised Ronaldo for his accomplishments, but believes Messi reigns supreme.

“What Cristiano Ronaldo has done in the time of Messi says a lot about him,” Torres told Radio MARCA.

“If he wasn’t there, then Messi would have achieved double.

“I think that Messi is the best player in the world, although they are different players.”

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Torres: Messi Is Better Than Ronaldo

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Atletico Madrid’s Fernando Torres believes that Lionel Messi is the best player in the world and would have achieved more, if not for Real Madrid’s Cristiano Ronaldo.

The Portuguese star claimed his fifth Golden Ball this month, moving level with rival, Lionel Messi, as they continue their battle for individual and club supremacy.

Barcelona will travel to Santiago Bernabeu on Saturday, giving the pair a chance to go at each other again.

Torres praised Ronaldo for his accomplishments, but believes Messi reigns supreme.

“What Cristiano Ronaldo has done in the time of Messi says a lot about him,” Torres told Radio MARCA.

“If he wasn’t there, then Messi would have achieved double.

“I think that Messi is the best player in the world, although they are different players.”

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“Conjoined” Nigerian Twins Can Live Independently After Successful Surgery In India

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Six months after spending life being attached to each other, conjoined Nigerian twins can now live independently after undergoing a successfully yet complex surgery in India.

John and James, whose surname is unknown, were fused together at the upper part of their abdomen before Indian doctors gave them a new lease of life.

The twins underwent a complex but successful operation at Narayana Health Hospital in Bangalore, India.

It was gathered that about twenty-two specialists were involved in the operation which separated the children who shared just one liver.

Medics now claim the twins are ready to live 'independent lives' - despite spending the first six months of life attached to each other. (Navana Health)

Medics now claim the twins are ready to live ‘independent lives’ – despite spending the first six months of life attached to each other. (Narayana Health)

During the surgery, specialists were able to divide their liver into two pieces, allowing both children to keep part of the vital organ – which can grow back on its own.

The infants, who already defied medical expectations by surviving for so long, were classed as omphalopagus twins due to where they were attached.

These types of conjoined twins share part of gastrointestinal system and abdominal wall, doctors state.

Conjoined twins, who arise from a single embryo, strike just one in every 100,000 births, according to medical literature.

The senior consultant at the hospital, Sanjay Rao, said the surgery was carried out using specialists in various fields, with the aim of letting the babies live normal lives thereafter.

“The goal of surgery is to achieve a safe separation and to have two normal children with no morbidity and disability,” he said.

“The operation was successfully done by an interdisciplinary team consisting of six surgeons, six anesthetists, four anesthetic technicians, six nurses amongst others.”

Unlike normal twins, they fail to separate in the womb and the pair end up joined together at some parts of their body.

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“Conjoined” Nigerian Twins Can Live Independently After Successful Surgery In India

Featured Image

Six months after spending life being attached to each other, conjoined Nigerian twins can now live independently after undergoing a successfully yet complex surgery in India.

John and James, whose surname is unknown, were fused together at the upper part of their abdomen before Indian doctors gave them a new lease of life.

The twins underwent a complex but successful operation at Narayana Health Hospital in Bangalore, India.

It was gathered that about twenty-two specialists were involved in the operation which separated the children who shared just one liver.

Medics now claim the twins are ready to live 'independent lives' - despite spending the first six months of life attached to each other. (Navana Health)

Medics now claim the twins are ready to live ‘independent lives’ – despite spending the first six months of life attached to each other. (Narayana Health)

During the surgery, specialists were able to divide their liver into two pieces, allowing both children to keep part of the vital organ – which can grow back on its own.

The infants, who already defied medical expectations by surviving for so long, were classed as omphalopagus twins due to where they were attached.

These types of conjoined twins share part of gastrointestinal system and abdominal wall, doctors state.

Conjoined twins, who arise from a single embryo, strike just one in every 100,000 births, according to medical literature.

The senior consultant at the hospital, Sanjay Rao, said the surgery was carried out using specialists in various fields, with the aim of letting the babies live normal lives thereafter.

“The goal of surgery is to achieve a safe separation and to have two normal children with no morbidity and disability,” he said.

“The operation was successfully done by an interdisciplinary team consisting of six surgeons, six anesthetists, four anesthetic technicians, six nurses amongst others.”

Unlike normal twins, they fail to separate in the womb and the pair end up joined together at some parts of their body.

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Emery: Pastore Has Never Asked To Leave

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Unai Emery has refuted claims that Paris Saint Germain man, Javier Pastore has asked to leave the club.

Prior to the 3-1 win over Caen, the Argentina international’s agent claimed the Wednesday clash could be his last outing for the club.

Pastore, whose contract runs out in 2019 has only made just eight starts this season, scoring four goals so far.

“I’m very pleased with Pastore,” Emery said post-match.

“He did not say he wanted to leave. He works to be on the field, with the very great talent he has.”

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Emery: Pastore Has Never Asked To Leave

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Unai Emery has refuted claims that Paris Saint Germain man, Javier Pastore has asked to leave the club.

Prior to the 3-1 win over Caen, the Argentina international’s agent claimed the Wednesday clash could be his last outing for the club.

Pastore, whose contract runs out in 2019 has only made just eight starts this season, scoring four goals so far.

“I’m very pleased with Pastore,” Emery said post-match.

“He did not say he wanted to leave. He works to be on the field, with the very great talent he has.”

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Nigeria Declares December 25, 26, And January 1 Public Holidays

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The Federal Government of Nigeria has declared Monday 25 and Tuesday 26, December 2017, as well as Monday, January 1, 2018, as Public Holidays to mark Christmas, Boxing Day and New Year.

The Minister of Interior, Lt. General (Rtd) Abdulralman Dambazau, who made the declaration on behalf of the Federal Government, enjoined the Christian faithful and all Nigerians to use the period in praying earnestly for the betterment and development of Nigeria.

The announcement of the holidays was made in a statement by the Permanent Secretary in the Interior Ministry, Abubakar Magaji.

Dambazau further urged all Nigerians, both at home and abroad, to support the administration of President Muhammadu Buhari in its determination in improving the quality of life of Nigerians.

He wished Nigerians a Happy Christmas and New Year celebrations.

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Naira Suffers Further Depreciation Against Dollar

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The Nigerian currency, naira, on Wednesday suffered yet another biggest daily depreciation in the Investors and Exporters (I&E) Window as it depreciated by 66 kobo to N361.91 per dollar, triggered by an 86 percent decrease in dollar supply.

Dear Nigerians, CBN Has Vowed To Jail Anyone Caught Abusing Naira Notes

According to data from the Financial Market Dealers Quote (FMDQ), the indicative exchange rate for the window rose to N361.91 per dollar yesterday from N360.25 per dollar on Tuesday.

Meanwhile, the amount of dollars traded in the window dropped significantly by 86 percent to $116.3 million from $856.45 million traded on Tuesday.

This prompted the 66 kobo depreciation in the naira.

In the parallel market, the local currency remained relatively stable at N365 per dollar for the fourth consecutive business day.

360nobs had reported on Tuesday that the local currency depreciated marginally by 0.55 per cent at the parallel market week-on-week to close at N365 against the US Dollar on Friday, despite the frequent interventions by the Central Bank of Nigeria (CBN).

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